Mayville Engineering Company (MEC) Asset Utilization Ratio (2019 - 2026)
Mayville Engineering Company's (MEC) quarterly Asset Utilization Ratio came in at 0.97 in Q1 2026, down 21.79% YoY from 1.24 in Q1 2025, and up 2.35% on a QoQ basis from 0.95 in Q4 2025.
Mayville Engineering Company (MEC) Asset Utilization Ratio (2019 - 2026) Analysis & Trends
Mayville Engineering Company (MEC) has 8 years of Asset Utilization Ratio data on file, last reported at 0.97 in Q1 2026.
- Quarterly Asset Utilization Ratio fell 21.79% year-over-year to 0.97 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.97 (down 21.79% YoY) and the FY2025 annual result came in at 1.08, down 48.99% from the prior year.
- Asset Utilization Ratio advanced to 0.97 in Q1 2026, from 0.95 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 5.75 in Q4 2023 to a low of 0.95 in Q4 2025.
- A 5-year average of 1.52 and a median of 1.22 in 2022 frame the typical range for Asset Utilization Ratio.
- Annual changes were most pronounced in 2023 — Asset Utilization Ratio surged 372.84% — and 2024, when it plunged 77.8%.
- Tracing MEC's Asset Utilization Ratio over 5 years: stood at 1.22 in 2022, then surged by 372.84% to 5.75 in 2023, then tumbled by 77.8% to 1.28 in 2024, then decreased by 25.47% to 0.95 in 2025, then advanced by 2.35% to 0.97 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.97 (Q1 2026), 0.95 (Q4 2025), and 1.05 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 28.47 Bn | 27.69 Bn | 309.80 Mn | 0.86 |
| 2 | Carpenter Technology | 24.45 Bn | 24.05 Bn | 268.90 Mn | 0.83 |
| 3 | Mueller Industries | 13.49 Bn | 12.07 Bn | 395.35 Mn | 1.14 |
| 4 | Commercial Metals | 7.25 Bn | 6.69 Bn | 455.14 Mn | 0.71 |
| 5 | Esab | 4.82 Bn | 4.61 Bn | 307.21 Mn | 0.52 |
| 6 | Gpgi | 3.71 Bn | 3.71 Bn | - | 0.20 |
| 7 | Worthington Enterprises | 2.78 Bn | 2.75 Bn | 101.89 Mn | 0.75 |
| 8 | Proto Labs | 1.90 Bn | 1.75 Bn | 69.34 Mn | 0.71 |
| 9 | Ryerson Holding | 1.26 Bn | 1.22 Bn | 355.20 Mn | 1.54 |
| 10 | Mayville Engineering Company | 516.15 Mn | 513.95 Mn | 17.70 Mn | 1.01 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.01 |
| Mar 31, 2026 | 0.97 |
| Dec 31, 2025 | 0.95 |
| Sep 30, 2025 | 1.05 |
| Jun 30, 2025 | 1.19 |
| Mar 31, 2025 | 1.24 |
| Dec 31, 2024 | 1.28 |
| Sep 30, 2024 | 1.28 |
| Jun 30, 2024 | 1.28 |
| Mar 31, 2024 | 2.02 |
| Dec 31, 2023 | 5.75 |
| Sep 30, 2023 | 1.80 |
| Jun 30, 2023 | 1.12 |
| Mar 31, 2023 | 1.23 |
| Dec 31, 2022 | 1.22 |
| Sep 30, 2022 | 1.17 |
| Jun 30, 2022 | 1.12 |
| Mar 31, 2022 | 1.16 |
| Dec 31, 2021 | 1.20 |
| Sep 30, 2021 | 1.17 |